Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.36 is 14% above its 5-year average of 0.32, around the middle of its 5-year range (0.13–0.62).
As of the fiscal period ended Tuesday, June 30, 2026. 19.81% below its 12-month average of 0.45.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.36
DEBT TO EQUITY RATIO AVG TTM
0.45
DEBT TO EQUITY RATIO AVG 3Y
0.39
DEBT TO EQUITY RATIO AVG 5Y
0.32
DEBT TO EQUITY RATIO AVG 10Y
0.39
DEBT TO EQUITY RATIO AVG 15Y
0.41
DEBT TO EQUITY RATIO AVG 20Y
0.41
CURRENT VS TTM AVG
-19.81%
CURRENT VS 3Y AVG
-7.78%
CURRENT VS 5Y AVG
+14.38%
CURRENT VS 10Y AVG
-7.33%
CURRENT VS 15Y AVG
-12.43%
CURRENT VS 20Y AVG
-12.41%
SECTOR MEDIAN · TECHNOLOGY
0.33
median of 186 covered companies
CURRENT VS SECTOR MEDIAN
+9.68%
vs the sector median at left
Cadence Design Systems, Inc.
Market Cap
$79.73B
Debt to Equity Ratio
0.36
TTM Avg
0.45
3Y Avg
0.39
5Y Avg
0.32
Market Cap
$77.43B
Debt to Equity Ratio
0.36
TTM Avg
1.33
3Y Avg
1.86
5Y Avg
1.52
Market Cap
$76.59B
Debt to Equity Ratio
3.60
TTM Avg
3.95
3Y Avg
18.35
5Y Avg
18.35
Market Cap
$72.49B
Debt to Equity Ratio
0.76
TTM Avg
0.89
3Y Avg
0.78
5Y Avg
0.82
Market Cap
$88.02B
Debt to Equity Ratio
0.76
TTM Avg
0.70
3Y Avg
0.66
5Y Avg
0.74
Market Cap
$60.80B
Debt to Equity Ratio
0.97
TTM Avg
0.55
3Y Avg
0.40
5Y Avg
0.42
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cadence Design Systems, Inc. (CDNS) | $79.73B | 0.36 | 0.45 | 0.39 | 0.32 |
| Lumentum Holdings Inc. (LITE)vs › | $77.43B | 0.36 | 1.33 | 1.86 | 1.52 |
| Motorola Solutions, Inc. (MSI)vs › | $76.59B | 3.60 | 3.95 | 18.35 | 18.35 |
| Synopsys, Inc. (SNPS)vs › | $76.47B | 0.35 | 0.29 | 0.20 | 0.18 |
| Datadog, Inc. (DDOG)vs › | $74.24B | 0.29 | 0.55 | 0.53 | 0.60 |
| Intuit Inc. (INTU)vs › | $85.95B | 0.44 | 0.39 | 0.38 | 0.37 |
| Hewlett Packard Enterprise Company (HPE)vs › | $72.49B | 0.76 | 0.89 | 0.78 | 0.82 |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $88.02B | 0.76 | 0.70 | 0.66 | 0.74 |
| Nebius Group N.V. (NBIS)vs › | $60.80B | 0.97 | 0.55 | 0.40 | 0.42 |
| TE Connectivity plc (TEL)vs › | $60.20B | 0.43 | 0.46 | 0.45 | 0.45 |
Debt/Equity
0.36
Current Ratio
1.74
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | 0.36 |
| 2026-03-31 | 0.47 |
| 2025-12-31 | 0.45 |
| 2025-09-30 | 0.48 |
| 2025-06-30 | 0.49 |
| 2025-03-31 | 0.52 |
| 2024-12-31 | 0.55 |
| 2024-09-30 | 0.62 |
| 2024-06-30 | 0.32 |
| 2024-03-31 | 0.18 |
| 2023-12-31 | 0.22 |
| 2023-09-30 | 0.21 |
| 2023-06-30 | 0.22 |
| 2023-03-31 | 0.23 |
| 2022-12-31 | 0.32 |
| 2022-10-01 | 0.29 |
| 2022-07-02 | 0.13 |
| 2022-04-02 | 0.13 |
| 2021-12-31 | 0.17 |
| 2021-10-02 | 0.13 |
| 2021-07-03 | 0.14 |
| 2021-04-03 | 0.14 |
| 2020-12-31 | 0.18 |
| 2020-09-26 | 0.29 |
| 2020-06-27 | 0.31 |
| 2020-03-28 | 0.32 |
| 2019-12-31 | 0.20 |
| 2019-09-28 | 0.29 |
| 2019-06-29 | 0.31 |
| 2019-03-30 | 0.35 |
| 2018-12-31 | 0.35 |
| 2018-09-29 | 0.27 |
| 2018-06-30 | 0.54 |
| 2018-03-31 | 0.60 |
| 2017-12-31 | 0.74 |
| 2017-09-30 | 0.64 |
| 2017-07-01 | 0.68 |
| 2017-04-01 | 0.83 |
| 2016-12-31 | 0.93 |
| 2016-10-01 | 0.75 |
| 2016-07-02 | 0.64 |
| 2016-04-02 | 0.56 |
| 2015-12-31 | 0.25 |
| 2015-10-03 | 0.25 |
| 2015-07-04 | 0.25 |
| 2015-04-04 | 0.47 |
| 2014-12-31 | 0.52 |
| 2014-09-27 | 0.26 |
| 2014-06-28 | 0.34 |
| 2014-03-29 | 0.27 |
| 2013-12-31 | 0.28 |
| 2013-09-28 | 0.47 |
| 2013-06-29 | 0.54 |
| 2013-03-30 | 0.44 |
| 2012-12-31 | 0.49 |
| 2012-09-29 | 0.75 |
| 2012-06-30 | 0.87 |
| 2012-03-31 | 0.94 |
| 2011-12-31 | 1.04 |
| 2011-10-01 | 1.99 |
| 2011-07-02 | 1.70 |
| 2011-04-02 | 1.87 |
| 2010-12-31 | 1.99 |
| 2010-10-02 | 1.85 |
| 2010-07-03 | 3.33 |
| 2010-04-03 | 3.71 |
| 2009-12-31 | 4.02 |
| 2009-10-03 | 4.48 |
| 2009-07-04 | 4.93 |
| 2009-04-04 | 2.85 |
| 2008-12-31 | 2.23 |
| 2008-09-27 | 0.29 |
| 2008-06-28 | 0.38 |
| 2008-03-29 | 0.39 |
| 2007-12-31 | 0.35 |
| 2007-09-29 | 0.37 |
| 2007-06-30 | 0.36 |
| 2007-03-31 | 0.39 |
| 2006-12-31 | 0.45 |
| 2006-09-30 | 0.26 |
| 2006-07-01 | 0.27 |
| 2006-04-01 | 0.29 |
| 2005-12-31 | 0.34 |
| 2005-10-01 | 0.22 |
| 2005-07-02 | 0.24 |
| 2005-04-02 | 0.24 |
| 2004-12-31 | 0.25 |
| 2004-10-02 | 0.26 |
| 2004-07-03 | 0.28 |
| 2004-04-03 | 0.26 |
| 2003-12-31 | 0.27 |
| 2003-09-27 | 0.29 |
| 2003-06-28 | 0.02 |
| 2003-03-29 | 0.01 |
| 2002-12-31 | 0.03 |
| 2002-09-28 | 0.06 |